Federal Deposit Insurance Corporation, Receiver of Texas Investment Bank v. Rockleigh S. Dawson, Jr.

KING, Circuit Judge:

The Federal Deposit Insurance Corporation as receiver sued certain directors and officers of a failed bank, alleging that the bank had incurred substantial losses due to their actions and omissions. The district court granted summary judgment in favor of the defendants Rockleigh S. Dawson, Jr., Kirk K. Weaver, and Michael D. Maloy, and the FDIC appeals. We affirm.

I

The defendants in this action were all directors or employees of Texas Investment Bank, N.A. (“TIB”), a federally insured banking institution organized, existing, and operating under the laws of the United…